The Costa Rica News (TCRN) – Economists of the Aldesa Values claim that the prices of regulated goods and services such as electricity, water, transportation and gasoline rose significantly over the past six months: 8.3% versus 1.8% increase for unregulated goods.
This caused the highest cumulative inflation for the past six years and largely is due to the increased exchange rate during the first half period.
When analyzing the figures, regulated goods and services rose in the last two and half years, while unregulated did with 9.7%.
Accumulated inflation in the first half of 2014 is 4.14% higher than the variation in the same period last year of 3.24%.
The economist Franco Alberto Mejia, said the diversion of accumulated inflation so far this year compared to the inflation target of the Central Bank of Costa Rica (BCCR) is mainly explained by the transfer effect (inflation) of the devaluation of the colon of last February and March.
The expectation for the future, according to economist Melvin Garita, is that inflation pressures will decrease during the second half, due to the decrease reported in the exchange rate and the commitment of the Central Bank of Costa Rica at 3%.
This projection is shared by economists of Aldesa Values, which state that certain actions taken by the BCCR as climbing interest rates in colones and the reudction of the volatility of the exchange rate in the Foreign Currency Market (Monex), and a low pace of economic growth are factors limiting inflation expectations.
The Costa Rica News (TCRN)
San Jose, Costa Rica